Grayscale ETF Global Head David LaValle has resigned, and the company's prospects are being followed.

According to ChainCatcher news and reports from Unchained, David LaValle, the global ETF head of the encryption asset management company Grayscale, will leave at the end of July, just weeks after the company secretly submitted its IPO application on July 14. LaValle joined in 2021 and has been a key figure behind the transition of GBTC to ETF. Currently, Grayscale is facing frequent leadership changes and pressure from a shrinking asset management scale, with its core product fees higher than its competitors. Against this backdrop, whether its upcoming IPO can tell a sufficiently attractive “growth story” for investors remains to be tested by the market.